India to build largest oil reserve at Rs 8,571 crore amid Hormuz crisis
India plans to construct its biggest crude oil storage facility, with an estimated cost of Rs 8,571 crore. The proposed site at Chandikhol would hold four million tonnes of crude. Once built, it would raise the country's strategic storage capacity by 80 per cent. The government plans to provide financial support of up to Rs 5,142 crore for the project. Under the tender terms, the contract will be awarded to the bidder requesting the lowest grant.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.



Discussion (0)
Log in to join the discussion and vote.
Log in